Page 4 - Mcleod Russel

ICRA downgrades McLeod Russel on falling margins, exposure to group cos

The ratings downgrade implies a reduction of assurances in McLeod's ability of timely servicing its financial obligations and credit risks

McLeod Russel posts 20.59% fall in net profit in Q3 after estate sales

The Tea Board had ordered compulsory closure of gardens and factories so that sub-standard tea is flushed out of the market

McLeod locks deal with Goodricke to sell two more tea estates in Assam

Sources estimated the Harchurah tea estate to be valued at Rs 360 per kilo for and the Bargang tea estate at Rs 350 per kilo

McLeod Russel to sell third tranche of tea estates in Assam, Bengal

In turn, the company will focus on leaf procurement from small tea growers and process the tea from its own bought leaf factories which assures it a higher margin

McLeod Russel seeks shareholders' nod to sell additional tea gardens

The firm plans to exit Dooars operations after two tranches of tea estate sales in Assam

McLeod Russel sale plan may draw interest from Assam Company's suitors

The acquisition of McLeod Russel gardens may be less complex than Assam Company, which is undergoing insolvency proceedings

McLeod Russel to sell gardens in Assam, Dooars in six months to pare debt

This move would help the tea arm balance its portfolio of Indian and foreign production

McLeod Russel's Q3 down 31% to Rs 24 cr

Top line down 13% to Rs 442 crore, tea price realisation dips

To stay in game, McLeod Russel plans 10-year road map

Firm has asked at least three advisors to give deliver recommended road maps, which are expected in next six months